Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Short Interest Update

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,272 shares, a drop of 40.2% from the February 12th total of 7,139 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 86,605 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 86,605 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of Fidelity Investment Grade Bond ETF by 21.5% during the 4th quarter. Cetera Investment Advisers now owns 55,529 shares of the company’s stock worth $2,412,000 after purchasing an additional 9,841 shares during the last quarter. Kovack Advisors Inc. increased its holdings in Fidelity Investment Grade Bond ETF by 25.5% in the fourth quarter. Kovack Advisors Inc. now owns 11,331 shares of the company’s stock valued at $492,000 after buying an additional 2,299 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Fidelity Investment Grade Bond ETF by 69.9% in the fourth quarter. Osaic Holdings Inc. now owns 198,785 shares of the company’s stock valued at $8,633,000 after buying an additional 81,750 shares during the last quarter. Royal Bank of Canada acquired a new stake in Fidelity Investment Grade Bond ETF in the fourth quarter valued at $52,000. Finally, Kestra Advisory Services LLC raised its stake in Fidelity Investment Grade Bond ETF by 5.2% in the fourth quarter. Kestra Advisory Services LLC now owns 66,250 shares of the company’s stock valued at $2,877,000 after buying an additional 3,304 shares in the last quarter.

Fidelity Investment Grade Bond ETF Stock Down 0.2%

Shares of FIGB stock traded down $0.10 during trading hours on Friday, reaching $43.13. 62,269 shares of the stock were exchanged, compared to its average volume of 105,816. The business’s fifty day moving average is $43.55 and its two-hundred day moving average is $43.60. Fidelity Investment Grade Bond ETF has a 12-month low of $41.85 and a 12-month high of $44.20.

Fidelity Investment Grade Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were issued a dividend of $0.137 per share. This is a boost from Fidelity Investment Grade Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.8%.

About Fidelity Investment Grade Bond ETF

The Fidelity Investment Grade Bond ETF (FIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in investment grade debt securities of any maturity, globally. FIGB was launched on Mar 2, 2021 and is managed by Fidelity.